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Morningstar sees 23% upside for Verizon stock

in5points
Verizon Communications stock has a fair value estimate of $54 according to a new Morningstar research report.
The fair value estimate implies an upside of more than 23% from the stock's last close.
VZ stock fell in premarket trading despite the positive outlook.
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Rajeev Chandrasekhar / Jupiter Capital interests historically